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Reliance Industries Ltd (RELI.BO)

RELI.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Reliance Industries says Reliance Jio welcomes Vodafone India's decision of providing more PoIs
Friday, 16 Sep 2016 01:33am EDT 

Reliance Industries Ltd : Proposed augmentation of interconnection capacity by Vodafone . Hopes that Vodafone will enhance the PoI's sufficiently to meet their license obligation of QoS with immediate effect . Quantum of PoIs proposed to be released by Vodafone substantially less than requirement estimated . RJIL hopes that Vodafone will enhance PoI's sufficiently to meet their license obligation of QoS with immediate effect . Vodafone must also immediately make available MNP to all its subscribers opting to port to RJIL .  Full Article

Reliance Industries' unit signs pact for availing term loan Of $330 mln
Friday, 9 Sep 2016 07:50am EDT 

Reliance Industries Ltd : Term loan facility for Reliance Sibur Elastomers Private Limited . Facility to be used to part finance capital expenditure to setup rubber manufacturing facilities at Jamnagar . RSEPL's payment obligations are guaranteed by RIL . Signed facility agreement for availing term loan facility of US$330 million via external commercial borrowings .  Full Article

Bharti Airtel urges TRAI to find a way to curb massive asymmetric traffic
Friday, 9 Sep 2016 06:57am EDT 

Bharti Airtel Ltd : Says traffic will inevitably get to a more balanced level and POIs will be less of an issue . Has always provided points of interconnect to other operators, fully compliant with all regulatory guidelines and licence conditions" . Grateful to TRAI for enabling "constructive dialogue today on matter of providing POIs to Reliance Jio and appreciating all the issues on the table" . We would request the TRAI to also engage on the subject of a fair IUC regime" . Says none of the new operators, who have launched services in the last few years, have faced any POI related issues with airtel . Urge the TRAI to find a way to curb the massive asymmetric traffic . Request TRAI to engage on subject of fair IUC regime, ensure that practice of pricing in compliance with 30th amendment of telecom tariff order . Following commercial charging of services by Reliance Jio traffic will inevitably get to a more balanced level and pois will be less of an issue . Says in the interim, co to continue "to augment the hundreds of POIs already given to Reliance Jio . IUC is an effective tool in the hands of TRAI, which we hope they will use judiciously".  Full Article

COAI says been kept out of TRAI meeting at insistence of RIL Jio
Friday, 9 Sep 2016 03:30am EDT 

CELLULAR OPERATORS AUTHORITY OF INDIA: COAI press statement on telcos' meeting with TRAI . COAI - been kept out of the TRAI meeting at the insistence of RIL Jio, and TRAI acquiesced to their demand in an unprecedented manner .  Full Article

India's Reliance Inds chairman: will not withdraw arbitration over gas pricing dispute in KG basin
Thursday, 1 Sep 2016 05:14am EDT 

Reliance Industries Ltd : Chairman Mukesh Ambani says will not withdraw arbitration over gas pricing dispute in KG basin Further company coverage: [RELI.NS] (Reporting By Promit Mukherjee) ((swati.bhat@thomsonreuters.com;)).  Full Article

India's Reliance Inds chairman says ethane project at Jamnagar will be ready by end March
Thursday, 1 Sep 2016 03:31am EDT 

India's Reliance Industries : Chairman Mukesh Ambani says ethane project at Jamnagar will be ready by end of this fiscal year . Mukesh Ambani says our synthetic rubber plants are now operational . Mukesh Ambani says working on monetising 3 to 4 trillion cubic feet from KG basin under new gas price guidelines . Mukesh Ambani says shale gas business in the U.S. is in capital preservation mode . Mukesh Ambani says we will be opening 200 fuel retail outlets soon . Mukesh Ambani says our petrochem and refining business will see 40 to 50 percent growth annually in times to come Further company coverage: [RELI.NS] (Reporting By Promit Mukherjee) ((swati.bhat@thomsonreuters.com;)).  Full Article

Eros Now announces integration deal with Reliance Jio
Thursday, 25 Aug 2016 10:59am EDT 

Eros International Plc : Eros Now announces integration deal with Reliance Jio .Announces deal between Eros Now and Reliance Jio.  Full Article

Birla Corp buys shares of RCCPL from RIL
Monday, 22 Aug 2016 07:54am EDT 

Birla Corporation Ltd : Acquired 100% equity shares of RCCPL from RIL . RCCPL has become a wholly owned material subsidiary of Birla Corporation Limited .  Full Article

Reliance Industries says petroleum penalty claims made by India govt are currently under arbitration
Thursday, 18 Aug 2016 01:48am EDT 

Reliance Industries Ltd : Clarifies on news item "Oil ministry slaps $250-mn profit petroleum penalty on Reliance Industries" . All claims made by government of India are denied by contractor group and currently part of an ongoing arbitration . India government has already collected gross $81.7 million in Gas Pool Account towards claim .  Full Article

Reliance Industries seeks members' nod for NCD issue of up to 100 bln rupees
Thursday, 4 Aug 2016 08:43am EDT 

Reliance Industries Ltd : Seeks members' nod to issue NCDs for up to 100 billion rupees .  Full Article

UPDATE 3-India's richest man unveils telecoms venture with free calls, cut-price data

* Shares in rivals Bharti Airtel, Idea Cellular slump (Adds details from company statement, comment from rival, links to related content)